Bird Flight Films Limited Financials - 09116062

These financial statements and reports have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income has been taken.

For the year ended 31 July 2026, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the Board of Directors on 15 October 2026.

_______________________

The notes on pages 2 to 5 form part of these financial statements.

Company registration number: 09116062

Bird Flight Films Limited

Filleted Financial Statements for the year ended 31 July 2026

Notes to the Financial Statements

1. Summary of significant accounting policies

1.1 General information and basis of preparation

Bird Flight Films Limited is a private company limited by shares, registered in England and Wales. The address of the registered office is as below:

These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.

The nature of the company's operations and principal activities during the year was motion picture production activities.

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

The financial statements have been prepared on a going concern basis. The director has assessed the company's ability to continue as a going concern and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, she continues to adopt the going concern basis of accounting in preparing these financial statements.

Grants are recognised in the profit and loss account when they have been approved by the relevant authority and the related expenditure has been incurred.

1.3.1 Production Costs

Production costs are carried forward where, in the opinion of the directors, they are expected to prove recoverable in future.

1.3.2 Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised when the company transfers control of a promised service to a customer, at an amount that reflects the consideration to which the company expects to be entitled in exchange for those services.

Deferred tax is provided on the liability method to take account of timing differences between the treatment for certain items for accounting purposes and their treatment for tax purposes. Tax deferred is accounted for in respect for all material timing differences. Deferred taxation is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are only recognised to the extent that they are regarded as recoverable.

Bird Flight Films Limited

Filleted Financial Statements for the year ended 31 July 2026

Notes to the Financial Statements

1.5 Foreign currency

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

1.6 Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class

Useful life / depreciation rate

Equipment

33% straight line

1.7 Financial instruments

Fixed asset investments

Investments in subsidiary undertakings are initially recognised at cost and are subsequently measured at cost less any accumulated impairment losses.

The carrying amounts of investments are reviewed at each reporting date to determine whether there is any indication of impairment. Where the recoverable amount of an investment is less than its carrying amount, an impairment loss is recognised in profit or loss.

Other financial assets

Basic financial assets, including trade and other debtors and cash at bank and in hand, are initially recognised at transaction price and subsequently measured at amortised cost.

Basic financial liabilities, which include trade and other creditors, are initially recognised at the transaction price,unless the arrangement constitutes a financing transaction, where it is initially and subsequently measured at the present value of the future payments discounted at a market rate of interest.

Impairment of financial assets

At the end of each reporting period, the company assesses whether there is evidence of impairment of any financial assets, including investments, loans, trade debtors and cash. If there is evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.

1.8 Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Bird Flight Films Limited

Filleted Financial Statements for the year ended 31 July 2026

Notes to the Financial Statements

2.1 Balances at year end and movements for the year

Computer equipment £

At 01 August 2025

11,536

At 31 July 2026

11,536

At 01 August 2025

(10,198)

Charge for the year

(688)

At 31 July 2026

(10,886)

At 01 August 2025

1,338

At 31 July 2026

650

3. Subsidiaries and related undertakings

Name

Address of the registered office

Class of shares held

Percentage held

Held by the parent company

Starfish Doc Limited

42 Pleydell Avenue, London, England, SE19 2LP

Ordinary

100.00%

Hawk Doc Limited

42 Pleydell Avenue, London, England, SE19 2LP

Ordinary

100.00%

The carrying value of investments in subsidiary undertakings at 31 July 2026 was £2 (2025: £1). During the year, the company acquired the entire issued share capital of Hawk Doc Limited, resulting in an addition to investments in subsidiary undertakings of £1.

Amounts falling due within one year

Trade debtors

850

Other debtors

147,067

146,041

Amounts owed by group undertakings

54,998

Bird Flight Films Limited

Filleted Financial Statements for the year ended 31 July 2026

Notes to the Financial Statements

5. Creditors: amounts falling due within one year

Other creditors

32,234

34,046

Social security and other taxes

1,495

Amounts owed to group undertakings

Loans from directors

124,542

6. Creditors: amounts falling due after more than one year

Other creditors

50,000

The company has an unrecognised deferred tax asset of £46,000 (2025: £57,997) which has arisen mainly from losses carried forward. Its recoverability is dependent upon future taxable profits arising, the likelihood of which cannot at this stage be determined with reasonable certainty.